LONDON (Reuters) -Aviation reinsurance rates rose by up to 250% at the key Jan. 1 renewal date, broker Willis Re said in a report on Monday, with the market still reeling from the impact of Boeing 737 MAX crashes two years ago.
Israel's defence minister said on Monday that he wants the country to buy a third squadron of stealth F-35 warplanes from the United States, and that he hoped a deal could be clinched before President Donald Trump steps down on Jan. 20.
Saudi Arabia said that entry to the kingdom by sea land and air will be resumed starting Sunday after a ban that lasted two weeks amid fears of a new coronavirus variant, the state news agency reported on Sunday.
The number of people killed in large commercial airplane crashes rose in 2020 to 299 worldwide, even as the number of crashes fell by more than 50%, a Dutch consulting firm said on Friday.
Pakistan's famous truck art will move from its highways to the skies, as a flying academy is painting a two-seater Cessna aircraft with the colourful technique.
Alphabet Inc's drone delivery unit Wing criticized Trump administration rules issued this week mandating broadcast-based remote identification of drones, saying they should be revised to allow for internet-based tracking.
BRUSSELS (Reuters) -The European Union will seek a swift resolution of a 16-year battle over aircraft subsidies with U.S. President-elect Joe Biden, saying that new U.S. tariffs have damaged talks with the Trump administration.
The European Commission said on Thursday that new U.S. tariffs on EU products disrupted ongoing negotiations with Washington to resolve a 16-year battle over aircraft subsidies and it hoped to find a swift solution with the next U.S. president, Joe Biden.
The U.S. decision to impose additional tariffs on French wines and cognac, which come in addition to a first set of tariffs late last year, will cost the sector a total of over 1 billion euros ($1.23 billion), the French wine exporters' federation said on Thursday.
Britain said on Thursday its decision to suspend retaliatory tariffs against the United States was already bearing fruit after it was spared in a new round of U.S. tariff increases which hit French and German produce.